








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Horseshoe Bay at 509 Short Circuit #203, Horseshoe Bay, TX, 78657 listed at $689,000 pairs $3,600/mo rent with a $3,372/mo payment. Total monthly income runs $3,600/mo. Return on cash invested measures 11.36% in year one, and rental yield registers 6.27% at a $689,000 basis. Equity gained on principal adds $4,446/yr, and annual property appreciation at 5% supports $190,358 by year five. Five-year ROI tracks 58.82% and total cumulative return in cash totals $133,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $3,372/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
871.20 sqft lot
$N/A/sqft
$345 monthly HOA
Neighborhood data shown for ZIP Code: 78657, Marble Falls, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,411 (100%) |
| Owner Occupied HU | 2,766 (51.1%) |
| Renter Occupied HU | 668 (12.3%) |
| Vacant Housing Units | 1,977 (36.5%) |
| Median Home Value | $484,739 |
| Average Home Value | $688,625 |
Residential
4,144
Single Family
4,142
Multi-Family
2
Businesses
318
Date | Event | Price |
|---|---|---|
| 2025-05-14 | Price change | $699,000 |
| 2025-01-14 | Price change | $725,000 |
| 2023-03-09 | Pending sale | $685,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Gay Lynn L Wheeler • Horseshoe Bay Resort Realty
Mls Name: HLMLS
Mls Provider:
Mls ID: #174789
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.